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Brown Cafe UPS Forum
UPS Union Issues
ENOUGH IS ENOUGH PEOPLE!!!
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<blockquote data-quote="959Nanook" data-source="post: 1374336" data-attributes="member: 14462"><p>There is still plenty of ways the next contract can affect both your pension and your net retirement income (if not in the short run, over your lifetime)... more importantly, it probably doesn't even require a vote of the membership for the most likely occurrence that will affect your net retirement income insofar as the Teamsters are concerned. </p><p></p><p>You might be inclined to say that this supports your point since it doesn't directly involve the UPS Contract though past, current, and future contracts with UPS and every other participant in your Pension Trust and health care plan have consequences. We experienced this in Local 959 when our Health and Welfare Trust was weak and required rehab. UPS was kicking in its share and more... some of the other participants were not contributing their share. Quite often, the Active rank and file voting on contracts want wage increases and are less worried about the other portions of the economics in a contract. This has an impact on you when are a Retiree even if you can't point to one specific contract and label it as the problem.</p><p></p><p>Without any details about your healthcare, I will say rising costs of health care (increased premiums and/or reduced benefits) will probably be the biggest influence on the value of your Teamster's retirement. That assumes the assets in your Pension Trust stay healthy over your lifetime because you better believe the Trustees will reduce your retirement to preserve the Trust if it is necessary (again, no vote of the membership once Trustee elections are over).</p><p></p><p>Sent using BrownCafe App</p></blockquote><p></p>
[QUOTE="959Nanook, post: 1374336, member: 14462"] There is still plenty of ways the next contract can affect both your pension and your net retirement income (if not in the short run, over your lifetime)... more importantly, it probably doesn't even require a vote of the membership for the most likely occurrence that will affect your net retirement income insofar as the Teamsters are concerned. You might be inclined to say that this supports your point since it doesn't directly involve the UPS Contract though past, current, and future contracts with UPS and every other participant in your Pension Trust and health care plan have consequences. We experienced this in Local 959 when our Health and Welfare Trust was weak and required rehab. UPS was kicking in its share and more... some of the other participants were not contributing their share. Quite often, the Active rank and file voting on contracts want wage increases and are less worried about the other portions of the economics in a contract. This has an impact on you when are a Retiree even if you can't point to one specific contract and label it as the problem. Without any details about your healthcare, I will say rising costs of health care (increased premiums and/or reduced benefits) will probably be the biggest influence on the value of your Teamster's retirement. That assumes the assets in your Pension Trust stay healthy over your lifetime because you better believe the Trustees will reduce your retirement to preserve the Trust if it is necessary (again, no vote of the membership once Trustee elections are over). Sent using BrownCafe App [/QUOTE]
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ENOUGH IS ENOUGH PEOPLE!!!
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